Heath Research Limited - Filleted accounts

Heath Research Limited - Filleted accounts

HEATH RESEARCH LTD - Company Information

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Registered number
09630051
Heath Research Limited
Filleted Abridged Accounts
31 December 2017
Heath Research Limited
Registered number: 09630051
Abridged Balance Sheet
as at 31 December 2017
Notes 2017 2016
£ £
Current assets
Stocks 2,587 6,956
Debtors 6,192 100
Cash at bank and in hand 2,666 227
11,445 7,283
Creditors: amounts falling due within one year (11,652) (7,800)
Net current liabilities (207) (517)
Net liabilities (207) (517)
Capital and reserves
Called up share capital 100 100
Profit and loss account (307) (617)
Shareholders' funds (207) (517)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
J R Salvage
Director
Approved by the board on 24 September 2018
Heath Research Limited
Notes to the Abridged Accounts
for the year ended 31 December 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime).

The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2017 2016
Number Number
Average number of persons employed by the company 3 3
3 Share capital Nominal 2017 2017 2016
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
4 Other information
Heath Research Limited is a private company limited by shares and incorporated in England. Its registered office is:
Heath Lodge
Cobbetts Ridge
Farnham
Surrey
GU10 1RQ
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